SUBSCRIBER NOTE: Platts clarified Black Sea corn assessment specification

Platts clarified its existing daily Black Sea spot physical specification for assessment purposes as follows.

Cargoes of 25,000 mt, with operational tolerance as per typical market practice, exported from Ukrainian ports capable of accepting Panamax vessels (Odessa, Yuzhny and Chornomorsk).

Platts may also include for assessment purposes, other Black Sea ports or CFR prices from relevant destinations, normalized to so called Ukrainian Panamax ports as basis, using prevailing spot freight rates.

At the same time, the quality specifications is as follows; maximum moisture content of 14.5%, maximum broken kernels of 5%, maximum damage of 5%, and maximum foreign matter content of 2%.

Affected publications: Platts Daily Grains. Affected symbols: CUBSU00, CUBSU03.

The daily assessments would launch on June 14, 2017.

Platts is inviting feedback on the specifications. Please send all questions and feedback to europe_ags@platts.com.

Please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make available on request comments not marked as confidential.